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166 County Road 806 7 Unit Apartment Building $525,000 ($75,000/Unit) Gamaliel, AR 72537
EXECUTIVE SUMMARY
Twin Gables #2 offers 7 unites on 1.56 acres m/l and is fully leased out with long term tenants. Located in Gamaliel, Arkansas just north of Mtn Home and close to Norfork Lake this opportunity is immediately incoming producing. This property includes 1 house with detached garage, 2 duplexes and 2 single structure and a maintenance garage. Unit 1:
3 bedroom, 2 bath - 1800 sq ft, 40 x 30 detached garage, Unit 2: 2 bedroom, 2 bath - 1100 sq ft, Unit 3: 1 bedroom, 1 bath - 750 sq ft, Unit 4: 1 bedroom, 1 bath - 750 sq ft, Unit 5: 2 bedroom, 1 bath - 900 sq ft, Unit 6: 1 bedroom, 1 bath - 750 sq ft, Unit 7: 1 bedroom, 1 bath - 750 sq ft. Maintenance garage: 30' x 25'. All electric with well & septic. Twin Gables #1 and #2 can be purchased separately or together.
3 bedroom, 2 bath - 1800 sq ft, 40 x 30 detached garage, Unit 2: 2 bedroom, 2 bath - 1100 sq ft, Unit 3: 1 bedroom, 1 bath - 750 sq ft, Unit 4: 1 bedroom, 1 bath - 750 sq ft, Unit 5: 2 bedroom, 1 bath - 900 sq ft, Unit 6: 1 bedroom, 1 bath - 750 sq ft, Unit 7: 1 bedroom, 1 bath - 750 sq ft. Maintenance garage: 30' x 25'. All electric with well & septic. Twin Gables #1 and #2 can be purchased separately or together.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $525,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.56 AC |
| No. Units | 7 | Building Size | 5,583 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2003 |
| Price | $525,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 5,583 SF |
| No. Stories | 1 |
| Year Built | 2003 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Wi-Fi
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 002-06980-002 | Total Assessment | $109,950 |
| Land Assessment | $5,250 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $104,700 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
002-06980-002
Land Assessment
$5,250
Improvements Assessment
$104,700
Total Assessment
$109,950
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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166 County Road 806
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